Raffles Associates (PROV) discloses 6.14% stake in Provident Financial

Rhea-AI Filing Summary

Provident Financial Holdings, Inc. received an updated ownership report from Raffles Associates, L.P., which states beneficial ownership of 391,239 shares of common stock, representing 6.14% of the class as of 12/31/2025.

Raffles Associates reports sole voting and sole dispositive power over all 391,239 shares, with no shared voting or dispositive authority. The position reflects ownership above the 5% threshold that requires public disclosure, and no other parties or group arrangements are identified in this amendment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Provident Financial Holdings. Inc.

(Name of Issuer)

Commmon Stock

(Title of Class of Securities)

743868101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 743868101

1

Names of Reporting Persons

Raffles Associates LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 391,239.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 391,239.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

391,239.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.14 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Provident Financial Holdings. Inc.
(b)	Address of issuer's principal executive offices: 3756 Central Avenue, Riverside, CALIFORNIA 92506
Item 2.
(a)	Name of person filing: Raffles Associates, L.P.
(b)	Address or principal business office or, if none, residence: 5 Penn Plaza, 19th Floor, New York NY 10001
(c)	Citizenship: USA
(d)	Title of class of securities: Commmon Stock
(e)	CUSIP No.: 743868101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 391,239
(b)	Percent of class: 6.14 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 391239
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 391,239
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to QIB is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Raffles Associates LP

Signature:	Paul H. O'Leary
Name/Title:	General Partner
Date:	02/14/2026

FAQ

What stake in Provident Financial Holdings (PROV) does Raffles Associates report?

Raffles Associates reports beneficial ownership of 391,239 shares of Provident Financial Holdings common stock, representing 6.14% of the class. This level of ownership exceeds the 5% threshold that triggers a Schedule 13G/A disclosure for significant shareholders in a public company.

Does Raffles Associates have voting control over its PROV shares?

Raffles Associates reports sole voting power over 391,239 Provident Financial Holdings shares. It also reports zero shared voting power, indicating that all voting decisions for this 6.14% stake are controlled by Raffles Associates rather than being shared with other entities or persons.

What dispositive power does Raffles Associates have over its PROV holdings?

Raffles Associates reports sole dispositive power over 391,239 shares of Provident Financial Holdings common stock. Sole dispositive power means it alone decides if and when these shares are sold or otherwise transferred, with no shared dispositive authority reported with any other party.

As of what date is Raffles Associates’ 6.14% PROV ownership measured?

The 6.14% beneficial ownership of Provident Financial Holdings common stock by Raffles Associates is measured as of December 31, 2025. That event date anchors the reported share count and percentage, providing investors a specific reference point for the disclosed ownership stake.

Is Raffles Associates part of a group regarding its PROV holdings?

The disclosure states that identification and classification of group members are not applicable, indicating Raffles Associates is not reporting as part of a group. The filing lists only Raffles Associates, L.P. as the reporting person for this 6.14% ownership position in Provident Financial Holdings.

Who signed the PROV ownership report for Raffles Associates?

The report is signed by Paul H. O'Leary as General Partner of Raffles Associates. His signature certifies that, after reasonable inquiry, the information regarding the 391,239 shares and 6.14% ownership of Provident Financial Holdings common stock is true, complete, and correct.